Opening a corporate account on a cryptocurrency exchange is essential for businesses and institutional investors seeking to manage digital assets at scale. Among the leading platforms, Binance offers a dedicated corporate account service through its Know Your Business (KYB) verification process. This guide walks you through everything you need to know—from required documents to step-by-step verification—so your company can gain access to enhanced trading limits and institutional-grade features.
Understanding Binance Corporate Accounts and KYB Verification
A Binance corporate account allows registered businesses to trade, deposit, and withdraw cryptocurrencies under an official entity name. Unlike personal accounts, corporate accounts require KYB (Know Your Business) verification—a compliance process designed to verify the legitimacy of a business, its ownership structure, and key personnel.
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The KYB process ensures regulatory compliance by identifying:
- The legal status of the business
- Ultimate Beneficial Owners (UBOs) with 25% or more ownership
- Senior management and authorized traders
- Sources of funds and ongoing business operations
This not only helps prevent money laundering and fraud but also unlocks higher daily withdrawal limits—up to 100 BTC per day upon approval.
Core Keywords:
- Binance corporate account
- KYB verification
- Open company crypto account
- Binance business verification
- Corporate cryptocurrency trading
- Ultimate Beneficial Owner (UBO)
- Source of wealth (SOW)
- Authorized account trader
Step 1: Register a Binance Corporate Account
Creating a Binance business account starts with registration. The process is similar to signing up as an individual, but uses company details.
Registration Steps:
- Visit the official Binance website and select "Register Business Account".
- Enter your company’s legal name in English (recommended for consistency during verification).
- Provide a valid corporate email address—one not previously used on Binance.
- Set a secure password and complete email verification using the 6-digit code sent by Binance.
Once registered, log in and navigate to the "Business Verification" section to begin the KYB process.
Note: Only legally registered companies are eligible. Entities from jurisdictions restricted by Binance may not qualify. Commonly accepted jurisdictions include the UK, UAE, Taiwan, Saudi Arabia, and offshore regions like BVI or Cayman Islands.
Step 2: Prepare Required KYB Documents
To pass KYB verification, you must submit accurate and up-to-date documentation. All files must be in English, or translated into English by a certified translator if originally in another language.
Essential Documents List:
- Certificate of Incorporation (issued within the last 12 months)
- Articles of Organization or Memorandum & Articles of Association
- Shareholder Register showing ownership (especially those holding >25%)
- Director Register (updated within 12 months)
- Proof of Address for the company (e.g., utility bill or bank statement)
- Valid ID (passport or national ID) for directors, UBOs, and authorized traders
- Proof of Employment for account operators
- Operational Status Proof (e.g., government registry screenshot dated within 6 months)
Mandatory Forms to Complete:
- Equity Structure Chart – Visual representation of ownership hierarchy.
- Sanctions Questionnaire – Confirms no ties to sanctioned individuals or countries.
- Letter of Authorization (LOA) – Official document authorizing specific individuals to operate the account (downloadable template; must be signed manually in English).
All documents should be uploaded as clear PDFs or high-quality image files (JPEG, PNG).
Step 3: Complete Company Registration Information
After document preparation, proceed to fill out the online form inside the Binance KYB portal. This includes three main sections:
① Basic Information
- Legal company name
- Jurisdiction of registration
- Registration number
- Legal entity type (e.g., LLC, corporation, foundation)
Ensure all data matches your official incorporation documents exactly.
② Business Details
- Nature of business activities (e.g., crypto trading, mining, brokerage)
- Whether the company has U.S.-based beneficial owners (this may affect eligibility)
- Expected transaction volume and use cases
Binance supports businesses involved in blockchain development, algorithmic trading, exchanges, ATMs, and more.
③ Financial Information
- Whether you want fiat deposit/withdrawal services (optional at this stage)
- Source of funds (capital injection method)
- Wealth origin explanation
You can skip fiat services initially and apply later once the core account is approved.
Step 4: Verify Key Personnel and Submit Documentation
This stage focuses on verifying individuals associated with the company.
Who Needs Verification?
- Directors and senior executives
- Ultimate Beneficial Owners (UBOs)
- Authorized traders
- Any individual with significant control over company decisions
For each person:
- Upload a government-issued ID (passport preferred)
- Provide proof of residential address (e.g., utility bill, bank statement)
- Submit a recent color photo holding the ID (no screenshots or edited images)
You can verify via:
- Mobile app using QR code scanning
- Web browser webcam verification
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Step 5: Upload Files and Finalize Submission
Ensure all uploaded files meet Binance’s standards:
File Requirements:
- Clear, legible scans in PDF, JPG, or PNG format
- Documents issued within the past 6–12 months
- Non-English documents accompanied by notarized English translations
- Organizational charts reflecting current ownership structure
Special Notes:
- LLC Operating Agreements must reflect up-to-date governance rules.
- Government registry screenshots must show system date/time to prove freshness.
- Source of Wealth (SOW) statements must align with submitted financial records.
Once everything is uploaded:
- Review all entries for accuracy.
- Sign and upload the Letter of Authorization (LOA).
- Confirm compliance statements.
- Click Submit.
Processing typically takes up to 15 business days, though initial confirmation may come within two days.
Frequently Asked Questions (FAQ)
Q: What is KYB verification on Binance?
A: KYB stands for "Know Your Business," a verification process that confirms a company’s legal status, ownership structure, and key personnel to comply with anti-money laundering regulations.
Q: Can offshore companies open a Binance corporate account?
A: Yes, companies registered in jurisdictions like BVI, Cayman Islands, or Seychelles may apply, provided they meet all documentation and compliance requirements.
Q: Who qualifies as an Ultimate Beneficial Owner (UBO)?
A: A UBO is any individual who owns or controls 25% or more of the company’s shares or voting rights, either directly or indirectly.
Q: Is a physical office required for verification?
A: No, but you must provide verifiable proof of address and operational status, such as a recent government registry update or bank statement.
Q: Can I add multiple authorized traders?
A: Yes, you can designate several authorized traders, each requiring full ID verification and inclusion in the LOA.
Q: What happens after successful KYB approval?
A: Your account will be upgraded with higher trading and withdrawal limits (up to 100 BTC/day), access to API tools, and potential eligibility for institutional services.
Final Tips for a Successful Application
- Use consistent naming across all documents (English preferred).
- Double-check expiration dates—no document should be older than 12 months.
- Avoid using personal emails or IDs unrelated to the business.
- Keep digital copies organized for future audits or re-verifications.
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While this guide reflects current best practices, always refer to Binance’s official guidelines for updates. Approval is subject to final review and may vary based on jurisdiction and risk assessment.
By following these steps carefully, your business can securely enter the world of institutional cryptocurrency trading with full compliance and scalability.